Monday, January 06, 2020

Just A Reminder

The “post war period,” from the 1950’s through the 1970’s, was a time of unparalleled prosperity for the working class in this nation. Even more than that, it created a level of prosperity for this nation’s working class that had no precedent in the world at the time.

I am referring here to the working class known as “blue collar;” workers who entered the workforce from high school without advanced educations; people who built the machinery and infrastructure of a great nation.

That period was a time of a nuclear family in which only one member worked at a single job, the wages of which were sufficient to support the worker, a homemaker, several children and often one or more members of an earlier generation.

The economy which provided such great prosperity for the working and middle class of this great nation was based on the principle of capitalism. Whatever ills today’s economy suffers from, capitalism is not the problem.

6 comments:

ArthurinCali said...

Hearing California veterans of that era recalling the time when this state was truly golden is sad. Sad that this country used to have promise and opportunities that I fear my children will not have.

The Arthurian said...

Good post. It is important to look back to when times were good, and then pan forward to see what went wrong.

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